Conservative greeting opponent, a red from Italy (7)

I believe the answer is:

chianti

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'a red from italy' is the definition.
I can't judge whether this defines the answer.

'conservative greeting opponent' is the wordplay.
'conservative' becomes 'C' (UK political abbreviation).
'greeting' becomes 'hi' (hi is a kind of greeting).
'opponent' becomes 'anti' (someone opposed to something).
'c'+'hi'+'anti'='CHIANTI'

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(Other definitions for chianti that I've seen before include "Italian wine - mountain range" , "Wine produced in Tuscany" , "Tuscan red wine" , "Chain it to popular Italian wine" , "Popular dry red wine of Tuscany" .)

I've seen this clue in The Telegraph.

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